Form 4: LyondellBasell Executive VP Ledet Reports Stock Transactions Following RSU Vesting
SEC Form 4
Executive Vice President Aaron J. Ledet of LyondellBasell Industries N.V. reports disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On February 22, 2025, Aaron J. Ledet, an Executive Vice President at LyondellBasell Industries N.V., disposed of 364 Class A Ordinary Shares at a price of $76.96 to cover tax obligations related to vesting of restricted stock units.
- Following this transaction, Ledet directly owns 6,473 Class A Ordinary Shares, including 4,689 restricted stock units.
- On February 24, 2025, Ledet disposed of 137 Class A Ordinary Shares at a price of $77.31 to cover tax obligations related to vesting of restricted stock units.
- Following this transaction, Ledet directly owns 6,336 Class A Ordinary Shares, including 4,119 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't indicate positive or negative performance for the company.
Future Outlook
The reporting person holds restricted stock units that will vest in the future, specifically on December 15, 2025, February 23, 2026, and February 22, 2026 and 2027.
Industry Context
This filing is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies. It reflects the standard practice of executives managing their equity holdings and tax obligations.
Comparison to Industry Standards
- LyondellBasell's executive compensation practices, including the use of restricted stock units, are generally in line with those of other large chemical and materials companies such as Dow, BASF, and DuPont.
- The vesting schedules and tax withholding practices are also typical for executive equity compensation plans in the industry.
- Similar to other companies, LyondellBasell uses RSUs as part of its long-term incentive plan to align executive interests with shareholder value.
Key Dates
| Date | Description |
|---|---|
| 02/24/2022 | Grant date of 570 RSUs that vest on February 24, 2025 |
| 12/15/2022 | Grant date of 202 RSUs that vest on December 15, 2025 |
| 02/23/2023 | Grant date of 1,453 RSUs that vest on February 23, 2026 |
| 02/22/2024 | Grant date of 3,698 RSUs, vesting in three tranches on February 22, 2025, 2026, and 2027 |
| 02/22/2025 | Transaction date: Disposition of 364 shares for tax withholding. |
| 02/24/2025 | Transaction date: Disposition of 137 shares for tax withholding. |
| 02/25/2025 | Date of report filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.